In March 2021, the overseas subsidiary of Jiangsu Dafeng Haigang Holdings Limited issued an overseas bond worth USD 55 million with a coupon rate of 2.4%, with guarantee from Jiangsu Dafeng Haigang Holdings Limited and the standby letter of credit from the Yancheng Branch of the Bank of Jiangsu. The joint global coordinators were Tiansheng Securities, Haitong International and BOSC International, and the joint lead managers were Hong Kong Branch of Pudong Development Bank, CEB International, Everbright Securities, China Huarong International Holdings Limited and China Industrial Securities International Financial Group.